Yousif Capital Management LLC Reduces Holdings in CVB Financial Corp. (NASDAQ:CVBF)

Yousif Capital Management LLC cut its stake in shares of CVB Financial Corp. (NASDAQ:CVBF) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,650 shares of the financial services provider’s stock after selling 1,134 shares during the quarter. Yousif Capital Management LLC’s holdings in CVB Financial were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in CVB Financial by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,952,354 shares of the financial services provider’s stock valued at $88,251,000 after acquiring an additional 181,769 shares during the period. Geode Capital Management LLC boosted its holdings in CVB Financial by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,164,463 shares of the financial services provider’s stock valued at $56,401,000 after acquiring an additional 15,628 shares during the period. Wellington Management Group LLP purchased a new stake in CVB Financial during the 3rd quarter valued at about $8,653,000. JPMorgan Chase & Co. boosted its holdings in CVB Financial by 25.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,494 shares of the financial services provider’s stock valued at $6,477,000 after acquiring an additional 74,004 shares during the period. Finally, Barclays PLC boosted its holdings in CVB Financial by 79.5% during the 3rd quarter. Barclays PLC now owns 291,011 shares of the financial services provider’s stock valued at $5,186,000 after acquiring an additional 128,869 shares during the period. 74.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CVBF has been the subject of a number of recent analyst reports. Stephens lowered their price target on CVB Financial from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Keefe, Bruyette & Woods upped their price target on CVB Financial from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Wedbush reaffirmed a “neutral” rating and set a $20.00 price target on shares of CVB Financial in a research report on Thursday, October 24th. Finally, Piper Sandler lowered their price target on CVB Financial from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.20.

CVB Financial Stock Performance

Shares of NASDAQ:CVBF opened at $20.28 on Friday. CVB Financial Corp. has a 52-week low of $15.71 and a 52-week high of $24.58. The firm has a market capitalization of $2.83 billion, a P/E ratio of 14.08 and a beta of 0.50. The stock has a 50 day moving average price of $21.24 and a 200-day moving average price of $19.94.

CVB Financial (NASDAQ:CVBF) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. CVB Financial had a return on equity of 9.35% and a net margin of 29.32%. On average, equities analysts forecast that CVB Financial Corp. will post 1.41 EPS for the current fiscal year.

CVB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Tuesday, December 31st. CVB Financial’s payout ratio is 55.56%.

CVB Financial Company Profile

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers.